Charles Collier Sells 7,067 Shares of Roku (NASDAQ:ROKU) Stock

by · The Markets Daily

Roku, Inc. (NASDAQ:ROKU – Get Free Report) insider Charles Collier sold 7,067 shares of Roku stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $1,108,529.62. Following the completion of the transaction, the insider directly owned 22,700 shares in the company, valued at $3,560,722. This represents a 23.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Charles Collier also recently made the following trade(s):

  • On Tuesday, August 4th, Charles Collier sold 20,538 shares of Roku stock. The shares were sold at an average price of $145.93, for a total transaction of $2,997,110.34.
  • On Monday, July 6th, Charles Collier sold 20,538 shares of Roku stock. The stock was sold at an average price of $142.51, for a total transaction of $2,926,870.38.

Roku Stock Up 0.4%

Shares of Roku stock traded up $0.61 during trading on Thursday, hitting $158.31. The stock had a trading volume of 2,026,749 shares, compared to its average volume of 2,195,726. The stock has a 50 day simple moving average of $148.16 and a 200 day simple moving average of $124.48. The company has a market capitalization of $23.50 billion, a PE ratio of 67.65 and a beta of 2.05. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $159.89.

Roku (NASDAQ:ROKU – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.73%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, equities analysts expect that Roku, Inc. will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings raised Roku from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Rosenblatt Securities reissued a “buy” rating and set a $160.00 price target on shares of Roku in a research report on Monday, August 10th. Robert W. Baird reissued a “neutral” rating and issued a $160.00 price objective on shares of Roku in a research note on Monday, June 15th. Evercore downgraded Roku from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $165.00 target price (down from $167.00) on shares of Roku in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Roku has a consensus rating of “Hold” and a consensus price target of $156.17.

View Our Latest Research Report on Roku

Institutional Investors Weigh In On Roku

A number of institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP grew its holdings in shares of Roku by 58.7% during the 2nd quarter. Corient Private Wealth LP now owns 133,101 shares of the company’s stock valued at $18,387,000 after acquiring an additional 49,233 shares in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Roku in the second quarter worth $8,427,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Roku during the second quarter worth $4,474,000. California State Teachers Retirement System raised its holdings in shares of Roku by 13,741.7% during the second quarter. California State Teachers Retirement System now owns 20,912,738 shares of the company’s stock worth $2,888,886,000 after acquiring an additional 20,761,653 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in Roku during the second quarter valued at $22,373,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

About Roku

(Get Free Report)

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.

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